Farmer concern regarding low prices and the farm economy led to a sharp drop in the August Ag Economy Barometer. The Perdue/CME Group economic measure fell 29 points compared to July, as producers’ concerns about the future of the farm economy led to a more negative outlook.
At the recent Farm Progress Show, Agriculture Secretary Sonny Perdue spent time listening to farmers’ concerns during an Ag Policy Forum. He then answered reporters’ questions. One reporter asked if Perdue felt the safety net built into the farm bill would be enough to help producers get through the current financial challenges. Hear Perdue’s response: